I read an article this morning suggesting that ICOs selling their ETH, are gonna drive the market into double digits, and that retail buyers like me and you, cant buy the dip with enough volume to stop that. These big ICO, ETH holders, can simply sell more than we can buy.
Its kinda hard to believe, and at the same time, makes a lot of sense when you think about projects that EOS who had more what 4 billion in ETH from their year long ICO, and of course they are liquifying that as they do business to operate and grow.
I would not disagree with that at all, which is why I'm sticking to trading it as opposed to HODLing it.
The ICOs also want to trade their ETH at a good price. They would be stupid to bulk sell now!